I am in Detroit and there is a pretty big demand for low income housing so our vacancy rate for rent ready units is pretty low, likely less than 6%.  

junk fee's that show up on the hud at closinglenders all offer the same points pretty much but dont disclose junk fee till the settlement statement comes out .. and points is just a bait and switch.

The repairs required by Section 8 after the initial inspection were pretty minimal, but I've heard that there are grants and certain lending programs that were available for Section 8 landlords (such as the Community Investment Program).

Yes, there is a chance the payment could be rejected for non-sufficient funds on the 19th, but I'm managing 400 rentals and it's pretty rare and the Tenants make good on it 99.9% of the time.

Ty so much for such a thoughtful and knowledgeable answer. we are pretty close on the purchase deal terms and will start marketing our group of 10+1 duplexes just as soon as we have a firm deal.

Yea that is pretty crazy.

@John SalcedoInterest rates on a Cash Value line of credit are pretty high right now.

REI Reply seems like a pretty good upgrade from what I was using, but I'm interested in knowing what roadblocks I might encounter before signing up.

Also, even on a fixed 30Y with no extra payments, you’re still paying down SOME principal (maybe like 5k in Y1 in this scenario).Although it’s nice to have the liquidity of 1L the heloc, I believe 2nd liens are still pretty cheap and fast to close.

I love the idea of 3D printing, but these printers are still pretty far from real production.